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859 Longhorn
About This Property
The Cottonwood floor plan presents a thoughtfully designed single-story home that effortlessly combines functionality with style. Featuring three spacious bedrooms, this floorplan is ideal for both comfortable living and entertaining. The open layout enhances the sense of space, with the kitchen seamlessly flowing into the family and dining areas, creating a harmonious and inclusive environment. The kitchen boasts modern stainless-steel appliances and elegant plank flooring, offering both practicality and sophistication. A covered porch and patio extend the living space outdoors, perfect for relaxation or social gatherings. The master bathroom is a luxurious retreat, highlighted by a dual sink vanity and a sleek step-in shower. For added convenience, the secondary bathroom includes a versatile tub/shower combination. The dedicated laundry room further enhances the home's efficiency and convenience.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 13, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2024 | Listed by LGI Realty-California , LLC | $475,900 | |
| Listed by LGI Realty-California , LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017